Examlex
i. The Consumer Price Index measures the change in prices of a fixed market basket of goods and
Services from one period to another.
ii. The CPI is not just one index, but includes a large number of groups, subgroups and selected
Items, such as a food index, a transportation index and a shelter index.
iii. The Consumer Price Index is based on more than 600 separate goods and services used by
Most urban and rural families.
Valid Constraints
Restrictions or conditions in a mathematical model or optimization problem that are necessary for the formulation to accurately represent the real-world problem it seeks to solve.
Linear Programming
A mathematical technique used to find the optimal solution within a mathematical model that has linear relationships.
Solution Infeasible
A situation in optimization where no solution meets the constraints imposed on the problem.
Linear Programming
A mathematical method used to achieve the best outcome in a mathematical model whose requirements are represented by linear relationships.
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